Israel Chemicals supply 500,000 tonne potash Chinese customers

Israel Chemicals to supply 500,000 tonne potash to Chinese customers

5:16 PM, 7th July 2011
Israel Chemicals to supply 500,000 tonne potash to Chinese customers
Dani Chen, President and CEO, ICL Fertilizers.

 

TEL-AVIV, ISRAEL: Israel Chemicals’ (ICL), ICL Fertilizers segment will supply its Chinese customers with 500,000 tons of potash over the second half of 2011 within the framework of its existing supply agreements. ICL’s new price is similar to current prices recorded by other potash suppliers and is approximately $70 a ton higher than selling prices to China during the first half of 2011.

The agreements for the second half of the year bring to one million tonne the amount of potash that ICL has contracted to sell to its Chinese customers during 2011. The number of ICL’s Chinese customers has increased since 2010.

The new agreement shows ICL’s major logistical advantage as a potash exporter to Southeast Asian markets. ICL Fertilizers’ primary source of potash is from the Dead Sea which is in closer proximity to Asian markets than most potash producers.

“Our agreements with Chinese customers for the second half of the year demonstrate our market position for the large Chinese market. We are proud to play a prominent role in increasing agricultural output and food production throughout the world, especially in markets with fast-growing populations, such as China,” said Dani Chen, President and CEO, ICL Fertilizers.

© WOC News

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Indorama Ventures to buy stake in PTA producer in Indonesia

  BANGKOK, THAILAND: Indorama Ventures Public Company Ltd (IVL) will acquire 50 per cent stake through its subsidiary Indorama Netherlands B V i ...

Read more
Cambrex and Tillotts form agreement for proprietary technology usage

Tillotts has entered into a development and commercialization agreement for proprietary 5-ASA-based technology.  EAST RUTHERFORD, US/RHEINFELDEN ...

Read more
MEMC and Jusung partner to build new production facility

  GEYONGGI-DO, KOREA/ST PETERS, US: MEMC Singapore Pte Ltd, an affiliate of MEMC Electronic Materials Inc and Jusung Engineering Co Ltd, announc ...

Read more
A novel enzymatic catalyst for biodiesel production

PARIS, FRANCE: Continuous production of biodiesel can now be envisaged thanks to a novel catalyst developed by a team at CNRS’s Centre de Recher ...

Read more
China to ban 10 highly toxic insecticides

BEIJING, CHINA: The government of China plans to ban 10 types of high toxic insecticides by year end in an effort to ensure farm produce safety and pr ...

Read more
WTO rules against China on limiting export of raw materials

GENEVA, SWITZERLAND: The World Trade Organization ruled that China was unfairly protecting its domestic manufacturers by limiting the export of nine r ...

Read more